UK - With the median return at -9.7% for 2001, pension funds suffered their second consecutive year of negative returns, according to the latest Russell/Mellon CAPS pooled pension fund update. This is the first time this has happened since 1973/74.
Despite this, real returns over the five-year period to December 31, 2001 were positive, at 3.2% per annum relative to earnings and 5.3% per annum relative to retail prices. During 2001, equities ...
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